IMSONIC
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 41 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€23,782
2024 · €63,535
Working capital
€304,583▼ 7.2%
2024 · €328,365
Multi-year overview
2018 to 2025, 7 financial yearsOperating result
-€29,716
▼ 46.8%
2025
20182025
Net result
-€23,782
2025
middle half of the sector
20182025
Equity
€371,430
▼ 6.0%
2025
middle half of the sector
20182025
Total assets
€427,192
▲ 2.0%
2025
lowest quarter of the sector
20182025
Debt
€55,762
▲ 137%
2025
20182025
Working capital
€304,583
▼ 7.2%
2025
middle half of the sector
20182025
Solvency
86.9%
▼ 7.4pp
2025
highest quarter of the sector
20182025
Current ratio
6.46
▼ 8.50
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-5.6%
▼ 20.7pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018202020212022202320242025
Operating result-€7,121--€12,507-€16,089-€3,761-€41,868▼ 1,013%-€20,239▲ 51.7%-€29,716▼ 46.8%
Net result-€7,287--€12,655below the sector's middle half-€15,772within the sector's middle half-€4,054within the sector's middle half€235,718above the sector's middle half€63,535above the sector's middle half▼ 73.0%-€23,782within the sector's middle half
Equity€105,671-€84,240within the sector's middle half-€100,012within the sector's middle half▲ 18.7%€95,958within the sector's middle half▼ 4.1%€331,676above the sector's middle half▲ 246%€395,212above the sector's middle half▲ 19.2%€371,430within the sector's middle half▼ 6.0%
Total assets€218,277-€219,123within the sector's middle half-€229,444within the sector's middle half▲ 4.7%€232,386within the sector's middle half▲ 1.3%€398,772within the sector's middle half▲ 71.6%€418,731within the sector's middle half▲ 5.0%€427,192below the sector's middle half▲ 2.0%
Debt€112,606-€134,883-€129,432▼ 4.0%€136,428▲ 5.4%€67,096▼ 50.8%€23,519▼ 64.9%€55,762▲ 137%
Working capital-€99,343--€120,774below the sector's middle half--€105,002below the sector's middle half▲ 13.1%-€109,056below the sector's middle half▼ 3.9%€225,862above the sector's middle half€328,365above the sector's middle half▲ 45.4%€304,583within the sector's middle half▼ 7.2%
Solvency48.4%-38.4%within the sector's middle half-43.6%within the sector's middle half▲ 5.1pp41.3%within the sector's middle half▼ 2.3pp83.2%above the sector's middle half▲ 41.9pp94.4%above the sector's middle half▲ 11.2pp86.9%above the sector's middle half▼ 7.4pp
Current ratio0.12-0.10below the sector's middle half-0.19below the sector's middle half▲ 0.080.20below the sector's middle half▲ 0.014.37above the sector's middle half▲ 4.1714.96above the sector's middle half▲ 10.606.46above the sector's middle half▼ 8.50
Return on assets (ROA)-3.3%--5.8%below the sector's middle half-6.9%within the sector's middle half▲ 12.6pp-1.7%within the sector's middle half▼ 8.6pp59.1%above the sector's middle half▲ 60.9pp15.2%above the sector's middle half▼ 43.9pp-5.6%below the sector's middle half▼ 20.7pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €29,716, larger than the loss of €20,239 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €427,192
Fixed assets
€66,847 =
Current assets
€360,345 ▲ 2.4%
Equity and liabilities €427,192
Equity
€371,430 ▼ 6.0%
Debt
€55,762 ▲ 137%
Debt's share of the balance-sheet total rises from 5.6% to 13.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.15▲
2024 · 0.06
ROE
-6.4%▼
2024 · 16.1%
Debt ≤ 1 year
€55,762▲
2024 · €23,519
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €8,440 | €11,499 | €35,660 | €13,019 | €16,548 | ▲ 27.1% |
| Gross operating margin9900 | €2,377 | -€2,832 | €24,529 | €7,738 | -€6,208 | -€7,220 | -€13,168 | ▼ 82.4% |
| Operating profit (loss)9901 | -€7,121 | -€12,507 | €16,089 | -€3,761 | -€41,868 | -€20,239 | -€29,716 | ▼ 46.8% |
| Financial income75/76B | - | - | - | - | €277,843 | €98,816 | €7,123 | ▼ 92.8% |
| Recurring financial income75 | - | - | - | - | €277,843 | €98,816 | €7,123 | ▼ 92.8% |
| Financial charges65/66B | - | - | €317 | €293 | €257 | €15,042 | €1,189 | ▼ 92.1% |
| Recurring financial charges65 | €166 | €148 | €317 | €293 | €257 | €15,042 | €1,189 | ▼ 92.1% |
| Profit (loss) for the period before taxes9903 | -€7,287 | -€12,655 | €15,772 | -€4,054 | €235,718 | €63,535 | -€23,782 | - |
| Profit (loss) for the period9904 | -€7,287 | -€12,655 | €15,772 | -€4,054 | €235,718 | €63,535 | -€23,782 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,287 | -€12,655 | €15,772 | -€4,054 | €235,718 | €63,535 | -€23,782 | - |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €218,277 | €219,123 | €229,444 | €232,386 | €398,772 | €418,731 | €427,192 | ▲ 2.0% |
| Fixed assets21/28 | €205,014 | €205,014 | €205,014 | €205,014 | €105,814 | €66,847 | €66,847 | = |
| Tangible fixed assets22/27 | €66,847 | €66,847 | €66,847 | €66,847 | €66,847 | €66,847 | €66,847 | = |
| Land and buildings22 | - | - | €66,847 | €66,847 | €66,847 | €66,847 | €66,847 | = |
| Financial fixed assets28 | €138,167 | €138,167 | €138,167 | €138,167 | €38,967 | - | - | - |
| Current assets29/58 | €13,263 | €14,109 | €24,430 | €27,372 | €292,958 | €351,884 | €360,345 | ▲ 2.4% |
| Amounts receivable within one year40/41 | €5,136 | €4,275 | €2,997 | €2,997 | €291,444 | €351,742 | €352,739 | ▲ 0.3% |
| Trade receivables40 | - | - | - | - | - | - | €7,365 | - |
| Other amounts receivable41 | - | - | €2,997 | €2,997 | €291,444 | €351,742 | €345,375 | ▼ 1.8% |
| Cash at bank and in hand54/58 | €2,598 | €2,131 | €3,583 | €1,525 | €19 | €142 | €7,248 | ▲ 51× |
| Deferred charges and accrued income490/1 | - | - | €17,850 | €22,850 | €1,495 | - | €358 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €218,277 | €219,123 | €229,444 | €232,386 | €398,772 | €418,731 | €427,192 | ▲ 2.0% |
| Equity10/15 | €105,671 | €84,240 | €100,012 | €95,958 | €331,676 | €395,212 | €371,430 | ▼ 6.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €37,471 | €16,040 | €31,812 | €27,758 | €263,476 | €327,012 | €303,230 | ▼ 7.3% |
| Amounts payable17/49 | €112,606 | €134,883 | €129,432 | €136,428 | €67,096 | €23,519 | €55,762 | ▲ 137% |
| Amounts payable within one year42/48 | €112,606 | €134,883 | €129,432 | €136,428 | €67,096 | €23,519 | €55,762 | ▲ 137% |
| Trade debts44 | €1,383 | €1,645 | - | €2,552 | €1,475 | €3,607 | €12,898 | ▲ 258% |
| Suppliers440/4 | - | - | - | €2,552 | €1,475 | €3,607 | €12,898 | ▲ 258% |
| Other amounts payable47/48 | - | - | €129,432 | €133,876 | €65,621 | €19,912 | €42,864 | ▲ 115% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,287 | -€12,655 | €15,772 | -€4,054 | €235,718 | €63,535 | -€23,782 | - |
| Operating cash flow (approximation) | -€7,287 | -€12,655 | €15,772 | -€4,054 | €235,718 | €63,535 | -€23,782 | - |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €99,200 | €38,967 | -€0 | - |
| Change in cash | - | - | €1,452 | -€2,058 | -€1,506 | €123 | €7,106 | ▲ 58× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as IMSONIC has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMSONIC itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for IMSONIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 41 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-07-2026 | 2026-00354592 | |
| 31-12-2024 | micro format | 06-06-2025 | 2025-00126597 | |
| 31-12-2023 | micro format | 28-05-2024 | 2024-00099886 | |
| 31-12-2022 | micro format | 07-06-2023 | 2023-00116830 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20121223 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-52800560 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-51700332 | |
| 31-12-2017 | full format | 23-08-2018 | 2018-49200086 | |
| 31-12-2016 | full format | 25-08-2017 | 2017-47800031 | |
| 31-12-2015 | full format | 25-08-2016 | 2016-47500599 |